Co-Founder Grace Rachmany recently spoke about the state of blockchain governance at the Mallorca Blockchain Days and at the Liberland Anniversary event.

What is governance? Governance is the way any group of people make a decision. In these talks, Grace explains how a good governance process could be envisioned:

  • Problem formulation: Everyone in the community is involved in determining what problems and opportunities are addressed, and through moderated conversation, create a problem statement.
  • Discussion: Through a process of deep discussion, informed data access, and ability to express multiple perspectives, the community understands the problem and the implications of different types of proposals and solutions.
  • Proposal making: A healthy proposal-making process includes hundreds of ideas, which are then pared down to the top ideas. The top ideas are then discussed and collaboration between different perspectives allows for a few proposals to be brought to a vote.
  • Voting: Rather than yes-or-no referendums, this model describes the idea that people should have multiple choices of solutions, and different ways of voting. For example, they could rank the proposals in terms of priority, or veto those which are absolutely unacceptable, or distribute points (similar to quadratic voting). One-person-one-vote might be appropriate, or in some cases, weighted voting could be imposed to account for the expertise or the impact on a particular person.
  • Action: The shortcomings of our governments today are often found in the disconnect between the bodies that execute decisions and the decision-makers. Today’s laws against drugs and money laundering have been in place for 2-4 decades, yet no real progress has been made in reducing drugs or money laundering. In an ideal governance system, regular measures would be made of the actual results, and ineffective decisions would be returned to the governance process.

See the videos here:

The State of DAO Governance: on-chain governance today.

What is governance? What should you be considering when looking at whether an organization is really decentralized?

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